Certified Government Financial Manager (CGFM) Practice Exam 2026 - Free CGFM Practice Questions and Study Guide

In attestation engagements, one of the key focus areas is drawing conclusions about the subject matter based on established criteria. This involves the evaluator assessing the evidence and determining whether the subject matter conforms to the specified criteria. The criteria may encompass various standards and benchmarks that are relevant to the subject matter being examined, which helps ensure that the findings are accurate and reliable.

The emphasis on conclusions based on criteria is crucial as it provides a foundation for the report generated by the practitioner. This enables stakeholders to understand the level of assurance provided regarding the subject matter and the measurements taken against the agreed-upon standards. It supports maintain transparency and accountability, which are essential elements in financial reporting and other types of engagement.

In contrast, annual financial statements, internal audit findings, and future financial projections represent specific types of information or documents that could be examined or reported on during an engagement but are not central focus areas of the attestation standards themselves. These aspects may be analyzed within the context of the engagement but do not encapsulate the core objective of assessing and reporting on the subject matter based on established criteria.